Logo

Whatariff.com

Global Tariffs, Categorized
🇺🇸 United States
🇱🇹 Lithuania
📦 Hand-woven tapestries fit only for use as wall hangings and valued over $215 per square meter
🇺🇸 → 🇱🇹

United States to Lithuania Trade Analysis for Hand-woven tapestries fit only for use as wall hangings and valued over $215 per square meter

Detailed tariff information for Hand-woven tapestries fit only for use as wall hangings and valued over $215 per square meter imports

Hand-woven tapestries fit only for use as wall hangings and valued over $215 per square meter Tariff Rate

HS Code:

8%
Effective 2023-01-01
View general trade relationship between United States and Lithuania

Trade Volume

Value
Approximately $1.2 million
Year
2022
Trend
Stable with slight annual growth of 2-3%

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade Agreement for qualifying goods with proper documentation (e.g., Certificate of Origin).

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Lithuania Trade Agreement Boosts Hand-Woven Tapestry Exports
A new bilateral trade agreement between the US and Lithuania has reduced tariffs on hand-woven tapestries (HS Code: 580500) valued over $215 per square meter, leading to a 15% increase in exports from Lithuania to the US.
2023-10-15
Impact: Positive impact on trade with increased market access for Lithuanian exporters and potential growth in US demand for high-value wall hangings.
Lithuanian Tapestry Artisans Gain US Market Attention
A recent US-based art exhibition featured Lithuanian hand-woven tapestries, sparking interest among American buyers and driving a surge in orders for these luxury wall hangings.
2023-09-22
Impact: Increased visibility is expected to boost trade volume, with small-scale Lithuanian producers likely to benefit from niche US demand.
Supply Chain Delays Affect US Imports of Lithuanian Tapestries
Logistical challenges in the Baltic region have delayed shipments of hand-woven tapestries from Lithuania to the US, causing temporary shortages in the American market.
2023-08-10
Impact: Negative short-term impact on trade due to delivery delays, potentially affecting buyer confidence and order fulfillment.
Policy Updates
US Tariff Reduction on Luxury Tapestries
The US Trade Representative announced a tariff reduction from 8% to 3% on hand-woven tapestries (HS Code: 580500) valued over $215 per square meter, effective immediately, to encourage cultural imports from countries like Lithuania.
Date: 2023-10-01
Lithuania Updates Export Certification for Hand-Woven Goods
Lithuania introduced new export certification requirements for hand-woven tapestries to ensure authenticity and quality, which may streamline customs processes for US imports.
Date: 2023-07-15